FISD Tokyo

Date: Tuesday, November 8, 2016
Location: Goldman Sachs Japan, Roppongi Hills Mori Tower - 47F, 10-1, Roppongi 6-chome, Minato ku, Tokyo 106-6147, Japan

Can the market data and financial infrastructure vendors have a more active and fulfilling role to assist with the desired increase in equities participation from the Japan Govenment Pension Investment Funds (GPIFs)?

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(Employees of member firms attend for free / non-members attend for $250) Not sure if you are an FISD member? Click here.

Tuesday, November 8

3:30 p.m. - 4:00 p.m.

Registration & Networking

4:00 p.m. - 4:05 p.m.

Welcome remarks from FISD

4:05 p.m. - 4:10 p.m.

Welcome Remarks from our host, Goldman Sachs

4:10 p.m. - 4:50 p.m.

Arrows, Arrowhead, Equities and Bonds

Japan has introduced all sorts of measures to stimulate its economy and equities markets, including negative interest rates. We have seen products like ETFs come to market to entice Government Pension Investment Funds (GPIFs) to participate in equities and updates to trading platforms; are they having the desired effects? 

  • What is the sell-side challenge to increase GPIF participation?  
  • Are vendors' research, market data, execution and post-trade tools key to this challenge?
  • Is Fixed income divestment critical to facilitate this portfolio transformation?
  • Are the trading platforms (exchanges, ECNs, PTSs) equipped to help the GPIFs in this task?

Presenter:

Katsunori Tanaka, Managing Director, Global Research, Goldman Sachs

Katsunari Yamaguchi, Chairman, Ibbotson Associates Japan

4:50 p.m. - 5:30 p.m.

The Japan Eco-System 100 Days After; Has it Changed?

2016 has seen significant technology upgrades.  JPX introduced their 10Gb network and an upgraded OSE J-Gate derivatives matching engine. Continued data center consolidations saw OSE move its co-location presence into the JPX co-location center; TOCOM is expected to migrate their matching engine onto J-Gate in September.

The changes motivated a lot of market participants to upgrade trading and communications infrastructure. New customers (some old ones that went away for a while) also took this opportunity to (re)enter the market.

  • What was responsible for their return? New strategies, a more appealing eco-system, better economics?
  • There’s also talk of new cross-border links that will provide faster access coming in the future. What impact will this have to bring business to Japan?

Moderator:

Pat Dunne, Technical Director, Asia Pacific and Japan, ActivFinancial

Panelists:

Raj Gupta, Global Head of Equities Connectivity, Deutsche Bank

Richard Man, Former Head of MarketPrizm Asia Pacific, COLT Capital Markets

Denis Sweeney, General Manager, Meta Mako

5:30 p.m. - 5:50 p.m.

World Markets: Double Decade Doldrums?

Ian Copsey, the author of numerous books on Technical Analysis and Harmonic Elliot Waves, will discuss his outlook for foreign exchange, regional and global equities markets.  

Ian will explain his view on Asian and Western equities markets and the divergence trends that he expects over the next 20 years.   

Presenter:

Ian Copsey, Managing Director, Harmonic Elliot Wave

6:00 p.m. - 7:30 p.m.

Networking Reception